Ksarey
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Is Olymp Trade the best broker?

Wed Oct 17, 2018 10:53 pm

I'm familiar with a few brokers, and Olymp Trade has the best terms. I compared the minimal deposit and bonus terms, but didn't read anything else besides the inf about the demo account. First, I'd like to know more about the broker and get some real evidence about the broker's payments.

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Oretegalv
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Re: Is Olymp Trade the best broker?

Thu Nov 15, 2018 12:35 pm

The broker pays you. Withdrawal requests are processed within 24 hours. What else are you interested in?

Ksarey
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Re: Is Olymp Trade the best broker?

Tue Nov 20, 2018 4:10 pm

For example, why are there fees instead of spreads? I compared it with the fees on crypto exchanges, and in Olymp it turns out more expensive. Don't admins see the difference themselves?

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Oretegalv
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Re: Is Olymp Trade the best broker?

Thu Nov 29, 2018 7:56 am

Describe at least what you compare exactly:) If we are talking about cryptocurrencies, it is a specific market. Fees are different for different assets depending on demand. For Litecoin, the fee is usually about 0.25%. I agree, this is 0.05% higher than the exmo fee for one transaction, but when you consider the spread (which Olymp doesn't have, and the exchanges always do), then Olymp turns out to be generally more advantageous. For bitcoin Cothe fee is twice lower -- 0.13-0.15%

Ksarey
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Re: Is Olymp Trade the best broker?

Mon Dec 17, 2018 2:34 pm

It seems to me crypto-market is not that attractive anymore. Bitcoin falls incessantly.

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Oretegalv
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Re: Is Olymp Trade the best broker?

Fri Dec 21, 2018 8:18 pm

You can make money on the fall the same way as on the rise, but there are special aspects. You have to sit falls out in the cache on the exchange, losing time, and if you work as a broker, you can make profit in short positions.

Ksarey
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Re: Is Olymp Trade the best broker?

Sun Jan 20, 2019 10:11 am

Are short positions the fast ones? I haven't seen any restrictions on the time of orders on crypto-exchanges.

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Oretegalv
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Re: Is Olymp Trade the best broker?

Thu Feb 14, 2019 6:49 am

First, short positions are called asset sell orders (SELL). They usually don't exist for long, unlike asset buy orders (BUY), which traders hold for much longer, that is why they are called short. Secondly, I talked about the impossibility of making money on the exchanges in the fall, because the exchanges don't provide the necessary functionality. When an asset is sold by a trader, the broker provides him with a “loan” to buy an asset, which is immediately sold in order to subsequently buy it at a lower price. Profit is the price difference. And when selling an asset on the exchange, the trader simply gets rid of it, going to the cache. On the exchange selling an asset is simply closing a deal — that's the difference.

Ksarey
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Re: Is Olymp Trade the best broker?

Wed Mar 06, 2019 3:04 pm

I got it, the trader exchanges his asset for cash. I'm just not quite familiar with the lexicon yet. If they make money only on the rise on the exchange, that is it's not that profitable to trade there.

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Oretegalv
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Re: Is Olymp Trade the best broker?

Sat Mar 30, 2019 4:58 pm

Working with a broker is more profitable for a novice trader with small funds. Know you thing, sell bitcoin as soon as it starts to grow. Sooner or later it will fall. At least recently this strategy has been working on Olymp trade. But it doesn't work for all cryptocurrencies. Litecoin is growing for the second month due to its recognition by a number of organizations. The growth was 500% since December.

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Xtoyak
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Re: Is Olymp Trade the best broker?

Wed Apr 10, 2019 1:04 pm

You've probably added an extra zero there... And generally speaking, all the recent bitcoin dynamics is rarely cheerful. Mostly it's under consolidation. It's good if there is at least one good movement in a week. Usually not. I have no idea how to make money in such conditions.

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Oretegalv
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Re: Is Olymp Trade the best broker?

Sun Apr 21, 2019 4:19 pm

In order not to waste time waiting, it is necessary to use pending orders that are triggered when an event occurs. For example, when the price rises or falls. Unfortunately, it is difficult to guess the expiration time of the option. With large movements, the expiration time does not play any role, but with small ones the price can return back too quickly. Therefore, I would advise to work on a Forex platform. Unlike options, there are no penalties for premature closing of a trade in Forex.

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